Embracing future of sustainable transport on this World EV Day

India’s EV market has seen remarkable growth, with 1.24 million EVs sold in the 2022-23 financial year and a further surge to 1.93 million by mid-2024. Electric two-wheelers dominate sales, though all categories, including e-rickshaws and electric four-wheelers, have shown substantial growth. Let us know what the experts has to say.

Rajesh Gupta, Founder & Director, Recyclekaro

“As World EV Day approaches, it’s a call for us to rethink how we travel and how we can do our bit for the planet. In India, where our transportation sector plays a major role in carbon emissions, the shift to electric vehicles isn’t just about embracing new technology—it’s about making a conscious choice for a sustainable future. I am happy to see Government initiatives like public transport like buses moving towards EVs as well as incentives to boost adoption of private EVs. Electric Vehicles represent an opportunity for us to reduce our carbon footprint… At Recyclekaro, we understand that moving to electric mobility comes with its own set of responsibilities. It’s not just about driving cleaner vehicles, but also ensuring that the batteries and electronic components are recycled in a way that truly supports a greener future.” 

Maxson Lewis, Founder & CEO, Magenta Mobility

“On this World EV Day, we reflect on the growth of India’s electric vehicle market, which has come a long way from its early stages and is steadily moving towards becoming a key player globally. The shift towards electric vehicles, especially in logistics, is an important step in supporting the country’s Net Zero goal by 2070. At Magenta, we are focused on providing businesses with sustainable logistics solutions that not only reduce carbon footprints but also enhance operational efficiency. By integrating cutting-edge EV technology into our fleet, we help companies achieve their sustainability goals while maintaining reliable and cost-effective delivery operations. As we move forward, we are committed to partnering with businesses to drive greener, smarter logistics for a more sustainable India.”